Accountancy

Pension funds raise concern over ties between Apollo’s co-founder and Jeffrey Epstein

Several pension backers of Apollo Global Management have expressed concern after a recent news report about financial ties between Leon Black, the firm’s co-founder, and the late Jeffrey Epstein, who killed himself while awaiting trial on sex-trafficking charges.

One of the firm’s pension backers, the Pennsylvania Public School Employees Retirement System, said it would halt commitments to future Apollo funds.

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